This executive order establishes the Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile. Both will be used to manage the digital assets of the United States, and both are formed by using bitcoins and other digital assets that were forfeited as part of criminal or civil asset forfeiture proceedings. The order provides that bitcoins deposited into the Strategic Bitcoin Reserve shall not be sold and shall be maintained as reserve assets of the United States. This has the effect of treating bitcoins as an asset with long-term value rather than a deposit available for immediate needs. Finally, it requires that each federal agency holding bitcoins or other digital assets give the secretary of the treasury a full accounting of all digital assets held by it.
News | March 6, 2025